Saudi Aramco and Sonatrach cut LPG prices for July

Saudi Aramco cut July official selling prices for liquefied petroleum gas (LPG) by 24%–27%, while Algeria’s Sonatrach lowered its LPG price by 2%–10% amid higher global supply. The sizable Aramco reduction signals softer contract pricing and likely bearish near-term sentiment for LPG-linked benchmarks.

Analysis

Saudi Aramco cut July official selling prices for liquefied petroleum gas (LPG) by 24%–27%, while Algeria’s Sonatrach lowered its LPG price by 2%–10% amid higher global supply. The sizable Aramco reduction signals softer contract pricing and likely bearish near-term sentiment for LPG-linked benchmarks.